Gross Domestic Product: Federal Civilian in Florida
FLGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,833.40
Year-over-Year Change
82.20%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Federal Civilian in Florida measures the economic output of the federal civilian sector in the state of Florida. This data point is important for economists and policymakers to analyze the role of the federal government in the state's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the gross domestic product (GDP) generated by the federal civilian workforce in Florida. It provides insight into the economic impact and contribution of the federal government's civilian activities within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Historical Context
Policymakers and analysts use this data to understand the fiscal and economic implications of the federal government's presence in Florida.
Key Facts
- Florida's federal civilian GDP was $31.9 billion in 2021.
- The federal civilian sector accounts for 2.4% of Florida's total GDP.
- This series has been published by the BEA since 1997.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the federal civilian workforce in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the economic impact and contribution of the federal government's civilian activities within the state of Florida.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional economic accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand the fiscal and economic implications of the federal government's presence in Florida.
Q: Are there update delays or limitations?
A: This series has been published by the BEA since 1997 and is updated regularly, but may be subject to revisions and publication delays.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Florida (FLGOVFEDCIVNGSP), retrieved from FRED.